January 26, 2015 6:23 AM ET

Real Estate Management and Development

Company Overview of Redfin Corporation

Company Overview

Redfin Corporation operates as a real estate brokerage company that engages in buying or selling homes. It offers listing services, negotiations, and closings; and for-sale-by-owner properties that don't pay brokers a commission. The company buys and sells homes in Alexandria, Arlington, Atlanta, Austin, Baltimore, Bellevue, Bethesda, Boston, Charlotte, Jacksonville, Chicago, Dallas, Denver, Fort Lauderdale, Fort Worth, Houston, Irvine, Kirkland, Lake Tahoe, Las Vegas, Los Angeles, Miami, Minneapolis, Oakland, Philadelphia, Phoenix, Portland, Providence, Raleigh, Redmond, Sacramento, San Antonio, San Diego, San Francisco, San Jose, Scottsdale, Seattle, White Plains, and Washington, D.C. The ...

2025 1st Avenue

Suite 500

Seattle, WA 98121

United States

Founded in 2002

Phone:

206-588-6863

Key Executives for Redfin Corporation

Chief Executive Officer and Director
Age: 42
Chief Financial Officer
President of Real Estate Operations
Head of Local Real Estate Operations
Senior Vice President of New Business
Compensation as of Fiscal Year 2014.

Redfin Corporation Key Developments

Redfin Launches its Home-Buying and Selling Services in Southwest Florida, Including Fort Myers and Naples

Redfin announced the launch of its home-buying and selling services in Southwest Florida, including Fort Myers and Naples.

Redfin Raises $71 Million from Institutional Investors to Expand Services

Redfin announced that it raised $70.9 million from a group of institutional investors, bringing its funding to $166.6 million. The 12-year-old company will use the money to expand its real-estate services and develop new technology. The $70.9 million funding announced was provided by institutional investors including Wellington Management Co., Glynn Capital Management, Brothers Brook and Annox Capital Management.

Redfin Seeks IPO

Redfin Corporation is looking to go public, an executive said. In 2012, Glenn Kelman, Chief Executive Officer of Redfin told Bloomberg that the company expected to be public in 2014. Redfin has received $70.9 million in funding, all this has reignited public offering whispers that has long been rumored as an IPO candidate. "We still expect Redfin to be a publicly traded company at some point. That's the way we built the business, that's our expectation for where we end up," Chris Nielsen, Chief Executive Officer of Redfin said. "So we'll become public when the timing is right, both from a standpoint of the business and the markets. And not a day before that and not a day after that." Nielsen added.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 15, 2014
--
Merger/Acquisition
October 22, 2014
Front Seat Management, LLC
 

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